El Salvador Increases Its Bitcoin Holdings Despite IMF Focus on Financial Reforms

The International Monetary Fund (IMF) previously confirmed that El Salvador is committed to its pledge to stop accumulating Bitcoin within its public sector.

However, chain data reveals a different reality as the Central American nation quietly continues to increase its Bitcoin reserves.

Bitcoin Accumulation Continues in El Salvador Despite IMF Policy Claims

In a press conference on April 26, Rodrigo Valdés, director of the Western Hemisphere Department at the IMF, stated that El Salvador is committed to the agreed-upon policy of not accumulating Bitcoin.

"The El Salvador program is not about Bitcoin. It is much deeper in terms of structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. Also, on the financial front. The authorities have made significant progress in implementing reforms," he continued.

Additionally, El Salvador recently signed a letter of intent with AI leader NVIDIA to develop sovereign AI infrastructure. This move will enhance its position as an emerging innovation hub in Latin America.